Unity Software Inc. (NYSE:U) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Unity Software Inc. (NYSE:U - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eighteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $25.14.

A number of research firms have commented on U. Benchmark upgraded shares of Unity Software from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Needham & Company LLC reduced their price target on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley reduced their price target on shares of Unity Software from $32.00 to $25.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. UBS Group reduced their price target on shares of Unity Software from $30.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, HSBC raised shares of Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective on the stock in a report on Friday, February 21st.

Unity Software Price Performance

Shares of U stock opened at $25.05 on Monday. Unity Software has a twelve month low of $13.90 and a twelve month high of $30.88. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $10.41 billion, a PE ratio of -14.91 and a beta of 2.34. The firm has a fifty day simple moving average of $21.20 and a 200-day simple moving average of $22.41.

Unity Software (NYSE:U - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.38) by $0.19. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $435.00 million for the quarter, compared to the consensus estimate of $415.77 million. During the same period in the prior year, the firm posted $0.28 EPS. The firm's revenue was down 5.5% compared to the same quarter last year. Equities research analysts anticipate that Unity Software will post -1.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director David Helgason sold 261,473 shares of Unity Software stock in a transaction on Friday, June 6th. The stock was sold at an average price of $25.70, for a total value of $6,719,856.10. Following the transaction, the director now directly owns 7,489,173 shares in the company, valued at $192,471,746.10. The trade was a 3.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $26.39, for a total value of $6,597,500.00. Following the completion of the transaction, the director now owns 2,398,146 shares of the company's stock, valued at $63,287,072.94. This trade represents a 9.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,286,987 shares of company stock worth $30,302,451 in the last ninety days. 3.61% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in U. Cornerstone Planning Group LLC raised its position in Unity Software by 30,300.0% during the first quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after buying an additional 1,212 shares during the period. Anderson Financial Strategies LLC purchased a new stake in Unity Software in the 4th quarter worth about $28,000. Banque Transatlantique SA purchased a new stake in Unity Software in the 1st quarter worth about $28,000. Principal Securities Inc. lifted its stake in Unity Software by 50.5% in the 4th quarter. Principal Securities Inc. now owns 1,422 shares of the company's stock worth $32,000 after acquiring an additional 477 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Unity Software in the 4th quarter worth about $36,000. 73.46% of the stock is owned by hedge funds and other institutional investors.

Unity Software Company Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.

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